NatWest Intermediary Solutions Income Convertor

ONLY FOR USE BY MORTGAGE INTERMEDIARIES

NatWest Intermediary Solutions

Income Convertor

Income converter

Here's a handy guide to help you convert a customer's gross salary or drawings into net monthly and weekly income:

Net monthly/weekly income from gross salary*

Gross salary/drawings

5,000 6,000 7,000 8,000 9,000 10,000 11,000 12,000 13,000 14,000 15,000 16,000 17,000 18,000 19,000 20,000 21,000 22,000 23,000 24,000 25,000 26,000 27,000 28,000 29,000 30,000 31,000 32,000 33,000 34,000 35,000 36,000 37,000 38,000 39,000 40,000 41,000 42,000 43,000 44,000 45,000 46,000 47,000 48,000 49,000 50,000 51,000 52,000 53,000 54,000 55,000 56,000

Net monthly income

417 500 583 667 742 815 888 953 1010 1067 1123 1180 1237 1293 1350 1407 1463 1520 1577 1633 1690 1747 1787 1860 1917 1973 2030 2087 2143 2200 2257 2313 2354 2427 2483 2540 2597 2653 2710 2767 2823 2871 2920 2968 3016 3065 3113 3161 3210 3258 3306 3355

Net weekly income

96 115 135 154 171 188 205 220 233 246 259 272 285 298 312 325 338 351 364 377 390 403 412 429 442 455 468 482 495 508 521 534 543 560 573 586 599 612 625 638 652 663 674 685 696 707 718 730 741 752 763 774

Gross salary/drawings

57,000 58,000 59,000 60,000 61,000 62,000 63,000 64,000 65,000 66,000 67,000 68,000 69,000 70,000 71,000 72,000 73,000 74,000 75,000 76,000 77,000 78,000 79,000 80,000 81,000 82,000 83,000 84,000 85,000 86,000 87,000 88,000 89,000 90,000 91,000 92,000 93,000 94,000 95,000 96,000 97,000 98,000 99,000 100,000 110,000 120,000 130,000 140,000 150,000 160,000 170,000 180,000 190,000 200,000 210,000 220,000 230,000 240,000 250,000

Net monthly income

3403 3451 3500 3548 3596 3645 3693 3741 3790 3838 3886 3935 3983 4031 4080 4128 4176 4225 4273 4321 4370 4418 4466 4515 4563 4611 4660 4708 4756 4805 4853 4901 4950 4998 5046 5095 5143 5191 5240 5288 5336 5385 5433 5481 5798 6115 6548 7031 7515 7956 8398 8840 9281 9723 10165 10606 11048 11490 11931

Net weekly income

785 796 808 819 830 841 852 863 875 886 897 908 919 930 941 953 964 975 986 997 1008 1020 1031 1042 1053 1064 1075 1086 1098 1109 1120 1131 1142 1153 1165 1176 1187 1198 1209 1220 1231 1243 1254 1265 1338 1411 1511 1623 1734 1836 1938 2040 2142 2244 2346 2448 2550 2651 2753

*These figures are based on tax and NI bands @ April 2017. They are based on standard tax codings and do not take into account any amendments to tax codings and NI rates that the customer may have. Additionally the customer may have amounts deducted from/added to their salary at source that will affect their net pay e.g. pensions, allowances, employee benefits (e.g. RBSelect), travel allowances. If net pay does not match gross salary, proofs of gross salary must be evidenced.

Where to go for help

Your BDM

Name: Phone: Email:

The average number of years experience that our BDMs have in the mortgage industry

The average number of years experience in the mortgage industry that members of our LiveTALK team have

Help with pre-submission applications

We are happy to help you with queries about customer applications on LiveTALK, our instant messaging service at intermediary..

Use LiveTALK for :

Registration/password queries Queries on criteria for new applications Queries about using the website

And, get a transcript of your conversation

Help with existing applications

03459 00 11 10

Call our dedicated intermediary mortgage processing centre on our local rate number

For help with: Checking receipt of supporting documentation Providing updates on underwriting decisions Managing valuation instructions Confirming mortgage offer issued Extending mortgage offer term Confirming completion dates

Use our online Mortgage Application Tracker to monitor progress of your customers' applications

For more information go to intermediary.

NWIS 30 June 2017

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